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Australia: First annual R&D tax incentive transparency report

Information on R&D expenditure incurred by 11,545 companies in the 2021-22 income year

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October 4, 2024

The Australian Taxation Office (ATO) on October 3, 2024, issued its first annual research and development (R&D) tax incentive transparency report, providing insights on the $11.2 billion* in total R&D expenditure incurred by 11,545 companies in the 2021-22 income year and $4.9 billion in R&D expenditure claimed under the R&D tax incentive.

The report was accompanied by the release of a large raw data set with the names (including ABNs and ACNs) of the relevant companies.


*$=Australian dollar


For more information, contact a KPMG professional in Australia:

Mukul Relan | mrelan@kpmg.com.au

Marko Trifunovski | mtrifunovski@kpmg.com.au

Georgia King-Siem | gkingsiem@kpmg.com.au

Laurens Visscher | lvisscher1@kpmg.com.au

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